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June 25, 2023
Currently, the market is dominated by Walmart's PhonePe, Google's GPay, and Paytm. Now, Apple is developing a localised version of Apple Pay that will work with the Unified Payments Interface (UPI).
June 24, 2023
Apple is reportedly gearing up to launch its payment service in India, possibly with features like UPI integration and Face ID security.
June 23, 2023
Apple has engaged with many Indian authorities and officials in recent weeks and plans to soon hold conversations with NPCI for the launch of its payments service Apple Pay in the South Asian market, according to two people familiar with the matter, eyeing an entrance into a crowded space that is dominated by Walmart's PhonePe, Google's GPay and Paytm. The company, whose chief executive Tim Cook met with bankers during his recent visit to India, is working on a localized version of Ap...
June 23, 2023
Apple Inc (NASDAQ: AAPL) eyes the launch of its payments service Apple Pay in India, which is ruled by Walmart Inc's (NYSE: WMT) PhonePe, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google's GPay and Paytm. Apple wants iPhone customers in India to be able to scan QR codes and initiate UPI transactions bypassing any Payment Service Provider app, TechCrunch cites familiar sources. CEO Tim Cook met with bankers during his recent visit to India and is working on a localized version of Appl...
June 23, 2023
According to two sources, Apple has been in talks with NPCI to launch Apple Pay in South Asia, hoping to compete with Walmart’s PhonePe, Google’s GPay, and Paytm. People familiar with the matter said Apple is working on a localized version of Apple Pay that works with UPI, a popular South Asian payment mode. CEO …
June 23, 2023
Apple, the American technology giant, is reportedly engaged in discussions with local regulatory entities to launch its credit card service, Apple Pay, on the Indian market. The intention of Apple to extend its payment services within the country is widely recognised. During his visit to India, Apple’s CEO, Tim Cook, reportedly held meetings with the CEO of HDFC Bank, focusing on the prospects of jointly developing a credit card offering. The company is reportedly having discussions with o...
May 22, 2023
The new investment from General Atlantic takes PhonePe's total fundraise as part of the ongoing funding to $850 million.
May 12, 2023
In March, PhonePe raised another $200 million from its largest shareholder Walmart at a pre-money valuation of $12 billion
March 17, 2023
Walmart-backed PhonePe said it plans to deploy the funds to build and scale its insurance, stockbroking, and ONDC-based shopping businesses.
February 24, 2023
The cross-border integration between UPI and PayNow was completed Tuesday, allowing citizens in both countries to make faster digital transfers, at a much lower cost than other existing options.